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Residential Contract For Sale And Purchase THIS FORM HAS BEEN APPROVED BY THE FLORIDA REALTORS AND THE FLORIDA BAR 1× 2× 3 4 5 6 7× 8× 9× 10 11 12 13 14 15 16 17 18 19 20 × 21 22 23 * 24PARTIES:

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How to fill out as is residential contract

01

To fill out an as is residential contract, follow these steps:

02

Start by entering the date of the contract at the top of the document.

03

Write down the full legal names of both the buyer and seller along with their contact information.

04

Specify the complete address of the residential property being sold.

05

Include a detailed description of the property, mentioning its size, number of rooms, amenities, and any other relevant features.

06

State the purchase price agreed upon by both parties and the payment terms, including any deposit or down payment.

07

List any contingencies or conditions that need to be met before the closing of the contract, such as home inspections or loan approvals.

08

Indicate the date of the closing and the proposed possession date.

09

Include any additional terms or agreements agreed upon by both parties, such as repairs or appliances included in the sale.

10

Sign and date the contract, ensuring that both the buyer and seller do so in the presence of witnesses if required.

11

Keep copies of the signed contract for both parties' records.

Who needs as is residential contract?

01

An as is residential contract is typically needed by individuals or entities involved in real estate transactions.

02

Sellers: When selling a residential property without any warranties or guarantees on the condition of the property, sellers may use an as is residential contract.

03

Buyers: Individuals or entities purchasing a residential property in its current condition without expecting any repairs or improvements may require an as is residential contract.

04

Real Estate Agents: Agents representing buyers or sellers in as is real estate deals may use as is residential contracts to formalize the agreement.

05

Investors: Real estate investors who specialize in purchasing properties 'as is' for renovation or resale purposes often utilize as is residential contracts.

06

Banks or Lenders: Financial institutions that acquire residential properties through foreclosure or repossession may use as is residential contracts when selling these properties.

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What is as is residential contract?

An as is residential contract is a legal agreement stating that a property is being sold in its current condition, with no warranties or guarantees provided by the seller.

Who is required to file as is residential contract?

The seller of a property is typically required to file an as is residential contract when selling a property in its current condition.

How to fill out as is residential contract?

To fill out an as is residential contract, both the buyer and seller must agree to the terms of the agreement and sign the contract in accordance with state laws.

What is the purpose of as is residential contract?

The purpose of an as is residential contract is to protect the seller from liability for any defects or issues with the property after the sale is complete.

What information must be reported on as is residential contract?

An as is residential contract must include details about the property being sold, any known defects or issues, and the terms of the sale.

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